The Takeaway: Gundlach’s been buying big during the bond sell-off — just not Treasuries

Portfolio

OK, fine, the Fed is a tiny bit worried about the recent yield spike they totally didn’t mean to cause.  (Washington Post)

Gundlach’s been using the massive sell-off in fixed income to go shopping – but not for treasurys.  (MoneyBeat)

Morningstar’s economic outlook for the rest of 2013.  (Morningstar)

There’s a rising rate ETF in the works right now. Of course there is.  (ETF Trends)

Here’s the case for (real) diversification.  (The Reformed Broker)

New white paper from Rick Ferri on the active vs passive debate (it’s not really a debate anymore, is it?)  (Rick Ferri)

The Biz

Affluent investor confidence holds at 12 month high for three straight months.  (Millionaire Corner)

Has Schwab finally cracked the 401(k) code for ETFs?  (Index Universe)

Securities America slapped with $100,000 fine for allowing brokers to mislead via email.  (Financial Planning)

RBC ate the rest of Wall Street’s lunch by restraining its traders, great story.  (DealBook)

Barry Ritholtz interview – advice for advisers (full disclosure: my partner and the godfather of my goldfish, Abraham)  (FA Magazine)

These are the most worrisome issues for advisers right now.  (Financial Planning)

Outliers

Chris Arnade: Here’s what it took me 20 years on Wall Street to learn.  (Scientific American)

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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.